Vandemoortele to acquire a majority stake in Banneton Bakery.

Vandemoortele, a food and beverage manufacturing company, agreed to acquire a majority stake in Banneton Bakery, freezer-to-oven croissants, Danishes, and pastries manufacturer. Financial terms were not disclosed. "Banneton Bakery's operations and offerings highly complement our own business in North America, with a shared focus on quality and on authentic European-style pastry products. This partnership will allow us to provide significant additional value to our customers, business partners and associates," Yvon Guerin, Vandemoortele CEO.